Food Flavors Market - Global Forecast to 2023 Food Flavors Market | Page 4

The beverages segment, by application, is estimated to account for the larger share in
2018.
On the basis of application, the beverages segment accounted for the larger share of the
market in 2018. Increasing demand for carbonated and non-carbonated energy drinks are
key drivers of the segment.
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On the basis of form, the liquid segment is projected to be the faster-growing during the forecast
period.
Based on form, the liquid segment is projected to be the faster-growing. Liquid flavors are generally
available in water-soluble and oil-soluble forms. Food flavors in the liquid form are used for food
items such as beverages, dairy products, protein drinks, and pharmaceuticals. They are easy to mix
and provide flavor consistency.